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New CLS currencies are adding 2,000 trades a day

FX Week staff

13 Oct 2003

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"We had a pretty quick ramp up because the major domestic banks in Norway, Denmark, Sweden and Singapore are already on the network," said Jonathan Butterfield, executive vice-president of marketing and communication at CLS Bank International in New York. "But now of course they’re doing trades in their domestic currencies as well."

Butterfield said the number of transactions was set to increase. "We have just included two Scandinavian banks as third parties, so there is more room to grow." S